My view: The BOD have signalled that the auction has now started. This resource whilst quality is also small compared to majors. Massive Capex needed to bring to production. Also many years. Also need access to RIO rail line. Natural owner is RIO as it extends their tenements Current offer is lowish. However, it has doubled the MC. Funds from this sale would fund the Au project & others. Also other infill drilling. The Chinese stand no chance in acquiring, A small word-in-the-ear of the FIRB, will scupper that. Which will force RIO (& others?) to the the table. Expect around double, Will take a few months. Remember this stock is very tightly held. Much better to sell a few tenements for plenty rather that the pain of developing.
Just my view, I'm buying more on the open.
CZR Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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